No source on this yet that I can cite, but...
It appears that there may be 170,000 policy cancellations from one insurer in Minnesota related to Obamacare. If so given that many of these are family policies and this is almost-certain not to be the entire depth of the issue (that is, other insurers will follow suit) there may be as much as 20% of the state population that is getting dumped effective January 1st.
I'm searching for confirmation on this, but the source is normally quite reliable -- and it apparently is being chatted up on local talk radio there as well.
Keep your eye on this -- that sort of stat, if true, is revolutionary in its implications.
And now we know the truth -- why the Obama administration won't release sign-up numbers.
It's simple -- there were a grand total of six people who signed up on the first day.
You got that right.
Oh, and it appears the number after two full days was 248. Not much better.
Never mind the fact that it appears Medicare is paying benefits to both dead people and illegal immigrants.
We will never solve what's wrong with medical care in this country until we dismantle all the monopolies and start imprisoning those who operate and promote them.
It really is that simple folks.
The National Security Agency has secretly broken into the main communications links that connect Yahoo and Google data centers around the world, according to documents obtained from former NSA contractor Edward Snowden and interviews with knowledgeable officials.
By tapping those links, the agency has positioned itself to collect at will from hundreds of millions of user accounts, many of them belonging to Americans. The NSA does not keep everything it collects, but it keeps a lot.
Remember, they said they didn't do that and only collected data under "valid" FISA court warrants.
They cheated by tapping links outside the US. And since Google and Yahoo, along with others, are firms with international data centers but mirror data all over the place (for both performance and redundancy reasons) voila -- they got it all.
These people need to be shut down -- completely.
Not so much because they spy on other nations and people in other countries but because they repeatedly lie about their operations to the US Congress and the American people, and their "craft" extends to Americans in America and data owned by Americans -- and that, without a valid warrant, is flatly illegal.
Never mind the immediate (and possibly terminal) harm done to American vendors of such services in the International marketplace.
WEST PALM BEACH — A five-year officer with the West Palm Beach Police Department is on administrative leave with pay after shooting and killing a man who pointed an AK-47 assault rifle at him Saturday night in a confrontation at Howard Park, authorities said Monday.
That's not a nice thing to do.
There's a problem though. Look closely:
That's not an AK-47. It looks like an M1. The magazine looks like it is from an AK, but the rounds definitely are not 7.62x39, which is what an AK-47 fires. The inset picture shows what appears to be 5.56 (AR-15) ammunition and a hollow-point pistol round.
Now the caption on the still does not say "that's the gun", and the inset picture says the weapon is similar to the weapon used. A further caption and image from a different angle specifically identifies the gun as an AK-47 -- which it most-definitely is not.
Why would you put out a weapons that has no relationship to the actual one used, a magazine that won't fit the weapon, and rounds that won't fit either the gun or the magazine on the table for a press conference?
That makes no sense, and leads one to wonder -- exactly what was pointed at the officer.... or was something lethal pointed in his direction at all?
What I do know is that there's no reason to put a random weapon with a mismatched magazine and ammunition on the table when holding a press conference. If you're showing the press (and the public) the evidence of the alleged crime, that's well and good along with being facially legitimate -- but if this was the weapon allegedly used, along with the magazine and rounds allegedly on the assailant it was impossible for him to fire them at the officer as none of those components on the table are compatible with one another.
Finally, since the Palm Beach Post is too stupid to know any of this and thus not only failed to call the cops on this nonsense but ran with it in their story leads one to wonder exactly how they can claim to be "reporters" and a source for "news" that one should allegedly trust.
The conference call disclosed that among "young teens" engagement -- daily active users -- is now falling.
I can tell you anecdotally that among late-age teens (e.g. 16, 17, 18 year olds) Facebook is no longer cool and while many of them are still on the system many are talking about where they're headed next, some are already heading there, and their "engagement" is dropping with many intending to leave entirely.
Simple -- the "in your face" ads and loss of the "cool" factor.
Worse, there is basically a no-growth in user count in the US as well; saturation has been reached as well.
There is utterly nothing that Facebook can do about this because the more they try to "monetize" (that is, spam you with ads) the worse the problem gets.
I said originally this company was a zero when it went public, and I stand by that despite the ridiculous ramp in stock price over the last three months. The current P/E is in the stratosphere; at GAAP 17 cents annualized the firm is trading at 73 times current earnings. That's implies a 73% forward earnings growth rate for this to be "reasonable", but with a stalled user base in the US and stable-to-decreasing engagement that is a pie in the sky dream and there is every reason to believe that some time in the next few quarters the firm will post up a negative growth rate at which point the stock will instantly collapse.
I reiterate: Facebook stock is ultimately a zero.
PS: After being up 15% on the earnings release it has now gone negative. Oops.
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
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